West African Gas Pipeline Project will bring wide ranging benefits to the region

Apr 30, 1999 02:00 AM

A high level group of oil industry executives have suggested that the proposed West African Gas Pipeline Project will bring wide ranging benefits to the region.
The group, comprises Joe O. Anyigbo, Executive Director of Chevron Nigeria Limited, Chris P. Miller, WAGP Project Manager, Chevron Overseas Petroleum Incorporated, and Albert H. Spiers, Vice President, Dames and Moore Group.
Their study concludes that the project would generate some $ 1.8 bn additional investment, create about 80,000 jobs, and reduce pollution in Nigeria due to flaring.
The investments are $ 400 mm for the building of the pipeline, $ 600 mm for power plants and $ 800 mm in new secondary industries such as minerals processing.
When completed, the project is expected to bring down gas emissions by 100 mm tons and help save the environment, including hundreds of thousands of hectares of forests in the region, they say.
"With this project, West Africa can make significant strides toward its economic growth and self-sufficiency goals," they say.

Source: Iinoil
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